Author Institution: Department of Chemistry, Princeton University; Laboratoire de Spectrom\'{e}trie Physique - CNRS URA 08, Universit\'{e} J. Fourier/GrenobleCavity Ring Down Spectroscopy is an important new spectroscopic tool that promises to be widely useful to gas phase spectroscopists. Unfortunately, the literature is rife with misstatements about spectrum of light inside the ring down cavity. These have arose from the belief that excitation of an optical resonator with a pulse of short coherence length is inherently a complex physical process that is difficult to describe. In this talk, we will demonstrate that the ring down cavity cell can be viewed as a high finesse etalon, and the spectrum of light that enters the cavity is confined...